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    OFF-MARKET Estimated value $870,000
    Turn key restaurants

    804 3rd St, Renton, WA 98057

    3,600 SF 0.09 ac lot Built 1927
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US90-0881250
    Property summary
    AI-generated overview

    This exceptional 3,600 square-foot retail property, located at 804 S 3rd St in Renton, WA 98057, presents a unique investment opportunity. Built in 1927, this historic building boasts a prime location on the highly desirable 3rd Street retail corridor, known for its high traffic counts and pedestrian activity. The property is zoned CD and sits on a 4,040 square-foot lot. The interior is divided into two distinct areas: a fully equipped restaurant space with a kitchen, and a separate bar and billiards area. The restaurant features a café-style setup with tables and booths, a full kitchen including a walk-in freezer, and a dedicated bar area complete with a billiards table and televisions. The current tenant, Rubattino's, one of Renton's oldest restaurants (founded in 1920), can vacate upon closing, making this an ideal owner-user opportunity. There is also a separate agreement available for the purchase of the existing business. The asking price for the property is $895,000, translating to $248.61 per square foot. This is a rare chance to acquire a well-established, fully built-out restaurant and bar in a vibrant downtown Renton location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1927
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,600 SF
    Lot 0.09 ac (4,040 SF)
    Zoning code CD
    APN 723150-1875
    UPID US90-0881250
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $870k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.16M
    Blend (final) Blend
    $870k
    Owner & transaction history
    Phuong Thi Tran · 1 yrs held
    Phuong Thi Tran
    since 2024
    Last sale
    $870,000
    2 recorded transactions
    2024
    $870,000
    1989
    $85,000
    Zoning & alternative use
    CD · Renton, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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